TRI-COUNTY ELECTRIC COOPERATIVE INC (EIN 730539914) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1945

Legal Domicile

Principal Officer

ZACHARY PERKINS

Phone

5806522418

Tax Period

2024-01-01 to 2024-12-31

TRI-COUNTY ELECTRIC COOPERATIVE INC, founded in 1945, is a major nonprofit that reported $103.8M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $102,164,168

Investment Income $1,529,305

Other Revenue $140,297

TOTAL REVENUE $103,833,770

Expense Breakdown

Grants Paid $125,469

Salaries & Benefits $7,369,398

Fundraising Expenses $0

Program Expenses $103,833,770

Other Expenses $89,442,205

TOTAL EXPENSES $103,833,770

Year-over-Year Comparison

	2024	2023	Change
Revenue	$103,833,770	$116,415,035	-0.1%
Expenses	$103,833,770	$116,415,034	-0.1%
Net Income	$0	$1	-1.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

111

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,261,256

Total Directors

$249,527

Key Employees

$704,649

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD RADCLIFF	PRESIDENT	7.21	Officer Director	$28,832	$0	$28,832
SHAWN MARTINEZ	VICE PRESIDENT	12.35	Officer Director	$25,382	$0	$25,382
GAYLA JAMES	SECRETARY	4.92	Officer Director	$26,432	$0	$26,432
RANDY SCHREINER	TRUSTEE	5.75	Director	$27,682	$0	$27,682
RONNY WHITE	TRUSTEE	5.44	Director	$31,321	$0	$31,321
BEAU RAPP	TRUSTEE	4.56	Director	$28,832	$0	$28,832
KYLE HAWKINS	TRUSTEE	2.17	Director	$28,832	$0	$28,832
LARRY DUNN	TRUSTEE	6.75	Director	$23,382	$0	$23,382
MARVIN HEADRICK	TRUSTEE	3.37	Director	$28,832	$0	$28,832
ZACHARY PERKINS	CHIEF EXECUTIVE OFFICER	40.00	Officer	$329,780	$86,968	$416,748
TANYA DOWELL	VICE PRESIDENT OF FINANCE & CFO	40.00	Officer	$119,124	$48,002	$167,126
CHRIS PURDY	ASSISTANT GENERAL MANAGER & CLO	40.00	Officer	$219,977	$67,758	$287,735
LYLE MATHIS	CHIEF OPERATIONS OFFICER	40.00	Officer	$206,168	$102,833	$309,001
MICAH DAVIS	VICE PRESIDENT OF ADMINISTRATIVE SERVICES	40.00	Key Emp	$206,277	$59,686	$265,963
MATT TAYLOR	SENIOR MANAGER OF OPERATIONS	40.00	Key Emp	$161,998	$46,858	$208,856
RICKY WAYMAN	PROJECT MANAGER	40.00	Key Emp	$161,151	$68,679	$229,830
MANDY BREEDLOVE	VICE PRESIDENT OF INFORMATION TECHNOLOGY	40.00	Highest	$156,690	$55,363	$212,053
KYLE OSBORN	SERVICE TECHNICIAN	40.00	Highest	$140,288	$40,818	$181,106
WADE MORRISON	RELAY, SCADA & SUBSTATION MANAGER	40.00	Highest	$139,619	$58,877	$198,496
DAVID SHEET	SERVICE TECHNICIAN	40.00	Highest	$136,146	$59,818	$195,964
PORTALLES SANCHEZ	SENIOR MANAGER OF ENGINEERING	40.00	Highest	$129,885	$54,159	$184,044

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$103,833,770	$103,833,770	$359,179,891	No data
2023	$116,415,035	$116,415,034	$360,987,800	$1
2022	$111,738,263	$111,738,263	$350,241,237	No data
2021	$100,998,279	$100,998,281	$321,398,945	$-2
2020	$99,727,160	$99,727,160	$316,923,605	No data
2019	$85,235,592	$85,235,592	$314,155,261	No data
2018	$98,028,479	$98,028,479	$313,842,450	No data
2018	$98,028,479	$98,028,479	$313,842,450	No data

TRI-COUNTY ELECTRIC COOPERATIVE INC